Factbox: The knowns and unknowns of U.S. Iran oil sanction waivers

The United States on Monday re-imposed sanctions against Iran’s oil exports to punish Tehran for its involvement in several Middle Eastern conflicts. Washington had been pushing governments to cut imports of Iranian oil to zero. but fearing a crude oil price spike, it granted Iran’s biggest buyers – China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey – sanctions waivers. That will allow the eight, which account for about 75 percent of all Iran’s oil exports, according to trade data, to import at least some oil for another 180 days. Washington and the recipients of the waivers have not disclosed how much oil they are allowed to import, or under what conditions deals can […]